“Certain rules and interfaces are required to follow when holding an initial coin offering on TRON blockchain,” the whitepaper states.

“In the TRON network, each account can issue tokens at the expense of 1024 TRX. To issue tokens, the issuer needs to specify a token name, the total capitalization, the exchange rate to TRX, circulation duration, description, website, maximum bandwidth consumption per account, total bandwidth consumption, and the amount of token frozen.”

TRON (TRX) is currently the ninth most valuable cryptocurrency in terms of market capitalization. Earlier this week, cryptocurrency exchange OKCoin and crypto payments processing platform CoinGate announced that they are adding support for TRON(TRX) on their platform.